Oil posted its biggest ever intraday jump, briefly surging above $71 a barrel after a strike on a Saudi Arabian oil facility removed about 5% of global supplies and raised the specter of more destabilization in the region. In an extraordinary start to trading on …..

The federal government’s ambition to convert over 13 million Nigerian households to the use of Liquefied Petroleum Gas (LPG) for domestic purposes in five years, may suffer a setback due to controversy surrounding licensing of LPG skids for domestic purposes as well as for auto-gas. At …..

Nigerians may have to go through another fuel crisis soon should the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) go ahead with its threat of shutting down operation in the downstream sector in protest against the alleged violation of agreement with Chevron Nigeria …..